Find the Time if Principle= rs. 1600. Rate per annum = 7 1/2. Interest= rs. 180.
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Solution
Given that,
Principal=Rs.1600
rate of the interest =3%
time=2 years
We know that,
S.I.=100p×r×tSI=1001600×2×3SI=96
Then,
We get amount 1696
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